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S&P: 'Weakest Link' Companies Decline

March 17, 2010 - The number of "weakest link" companies has declined substantially from the record highs reached roughly a year ago, according to a report from Standard & Poor’s. There were 203 such companies as of March 10, down from 298 one year ago.

Brazos PE Makes Security Play

March 17, 2010 - Brazos Private Equity Partners joined a small but growing group of PE investors that have made U.S. retail security investments.

Moelis Grows Australian Platform

March 17, 2010 - Moelis & Co. added to its new Australian office by hiring two managing directors. The firm's team down under originally consisted of only corporate finance professionals, but the two appointments bring expertise in equity capital markets and equities research, sales and trading.

Firefly Energy to Submit Chapter 7 Filing

March 15, 2010 - Lead-acid battery technology developer Firefly Energy Inc. will soon file for Chapter 7 bankruptcy. The Peoria, Ill.-based company was founded in May 2003 as a spin-off of Caterpillar.

Cerberus Backs GeoEye

March 11, 2010 - Cerberus Capital Management will back GeoEye Inc., providing up to $100 million in debt and buying stock. Private equity began making consolidation plays in the government services space late last year.

Interdealer Broker Tullett Prebon on the Block

March 10, 2010 - London-based interdealer broker Tullett Prebon confirmed Wednesday that it is in talks about a possible sale of the firm.

Greentech Grows Private Placement Effort

March 10, 2010 - Greentech Capital Advisors has nabbed Deutsche Bank private placement veteran Heather Smith to spearhead its efforts in the market.

Houlihan Launches Fin Tech Group

March 10, 2010 - Houlihan Lokey hired Robert Hyer Jr. as a managing director in charge of its new financial technology banking group.

CCMP Will Buy infoGROUP

March 9, 2010 - Marketing data and research firm infoGROUP has agreed to be taken private by CCMP Capital Advisors.

Affiliated Media's Reorg Plan Pares Debt to $165M

March 5, 2010 - Affiliated Media Inc.'s reorganization plan has been approved by the U.S. Bankruptcy Court for the District of Delaware.

Banks Sued Over Tribune LBO Debt

March 5, 2010 - Bondholders of media giant Tribune Co. are suing the banks that arranged the company’s leveraged buyout, claiming the banks knew the $8 billion in loans they arranged would make the company insolvent.

Lincoln International Opens Amsterdam Office

March 5, 2010 - Middle-market investment bank Lincoln International has hung another shingle, this time in Amsterdam. Eric Wijs, formerly a Lazard managing director, has joined Lincoln as head of the Amsterdam branch and chief of operations in the Benelux countries.

Advent Lands in Big Apple

March 3, 2010 - Advent International, which already has offices scattered across 16 countries worldwide, opened a New York office, relocating managing director Tim Franks from London to oversee the new outpost.

Houghton Cuts Annual Debt Expenses by 75%

March 1, 2010 - Houghton Mifflin Harcourt Publishing Co., a book publisher founded in 1832, said it plans to restructure its balance sheet with $650 million from a group of backers that includes hedge fund investor John Paulson and Guggenheim Partners.

Regent's Bankruptcy Calls for Sale to PE Firm Oaktree Capital

March 1, 2010 - Regent Communications Inc. said Monday that it has filed its pre-packaged bankruptcy petition with the U.S. bankruptcy court in Wilmington, Del. Oaktree Capital Management will acquire the Cincinnati radio broadcasting company out of bankruptcy.